# Question 20 Chapter 2 of +2-B – USHA Publication 12 Class

Q-20- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 20 Chapter 2 of +2-B

Common Size Balance Sheet

20. Prepare a common size statement of Profit and Loss.

 Particular 31st March 2016 ₹ 31st March 2015 ₹ I. Income Revenue from Operation 7,00,000 5,00,000 Other Income 50,000 30,000 Total Revenue 7,50,000 5,30,000 II. Expenses Purchases of Goods 4,00,000 3,50,000 Employees Benefit Expenses 1,20,000 80,000 Other Expenses 40,000 10,000 Total Expenses 5,60,000 4,40,000 III. Net Profit Before Tax (I-II) 1,90,000 90,000

## The solution of Question 20 Chapter 2 of +2-B: –

 Comparative Statement of Profit & Loss Particulars Note no. 31st March,2015(A)(3) 31st March,2016(B)(4) Percentage Change (Increase/Decrease) PercentageChange (Increase/Decrease) I. Income Revenue from Operation 5,00,000 7,00,000 100.00% 100.00% Other Income 30,000 50,000 6.00% 7.14% Total Revenue 5,30,000 7,50,000 106.00% 107.14% II. Expenses Purchases of Goods 3,50,000 4,00,000 70.00% 57.14% Employees Benefit Expenses 80,000 1,20,000 16.00% 17.14% Other Expenses 10,000 40,000 2.00% 5.72% Total Expenses 4,40,000 5,60,000 88.00% 80.00% III. Net Profit Before Tax (I-II) 90,000 1,90,000 18.00% 27.14%

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –